What is an Affordable Housing Community? We have designed this community under an affordable housing program offered to us by your state and other local agencies. The affordable housin program that we work with was designed with middle income families in mind. This program gives us the ability and opportunity to create high-quality housing at more affordable rents than comparable communities.
Affordable Housing Programs-Just How Do They Work? There might be some confusion as to how the program works, so let's try to clear things up. First of all, the rental rate of the apartment is not based on a percentage of your income. There are income limits that apply to the rental of these apartment homes. The limits are derived from a percentage of the average income level of all residents who live in your geographic area. Under the affordable housing program, the maximum allowable income is based on the total number of people to occupy your apartment home and the combined gross income of all persons to occupy that home. The rental rae is based off of the average income, including all allowance for utilities.
What Determines My Income Profile and Eligibility for Affordable Housing? You will be asked to complete forms that request your income level, family size and financial assets. These factors determine your eligibility to lease an apartment home under the affordable housing program. If your income qualifies after third party verification, the owner or manager of Laurels At Greenwood will process your application further, using standard screening policies and procedures.
What Benefts Does and Affordable Housing Community Offer? Some of the benefits of being a part of this special program are that we offer you a pribately owned and professionally managed community designed with you in mind. We have developed a "Community" of brand new apartment homes with interior features beyond belief and amenities that allow for an active lifestyle. You get all the benefits of our many years of development, construction and management experience.